Today’s quote is absolutely true. People probably waste more money on cars than almost any other depreciating assets in their lives. I worked at a car dealer when I was in college and I still remember with shock how ‘upside down’ people would get in their cars and then rollover their debt to even newer cars on 60 and 72 month loans.
That said, I really enjoy cars and wrote about the practical and impractical approaches to what has become my guilty pleasure last year. While a new car certainly won’t change your life, I will be looking forward to a few more warm & sunny days on the open road before winter comes our way.
Image Credit: BMW